SOLUTION: IF R10 000 is invested at 6%, compounded monthly, then the Future value oF the investment S aFter x years is given by S = 10 000(1 . 005) 12 x. find the value of the investment aft

Question 1072965: IF R10 000 is invested at 6%, compounded monthly, then the Future value oF the investment S aFter x years is given by S = 10 000(1 . 005) 12 x. find the value of the investment after 5 years
find the value of investment after 30 years.
Answer by Fombitz(32388) (Show Source): You can put this solution on YOUR website!

So for 5 years monthly,

For 30 years monthly,

Use your calculator for the final answer.
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